Do you think you'll actually get your full gross compensation if this passes? Promoters of the "fair tax" claim you'll get to take home your gross income while in the next breath claiming that your income tax burden is "embedded" in the cost of a product. The only way to get it "unembedded" is to force a huge pay cut. That occurs at the same time a huge sales tax is applied. You get ripped both ways. I think there is a lot of dishonestly floating under the surface of this "fair tax" effort.
Those of us with significant after tax savings get ripped for another round of taxes when this is applied.
You’ve got it exactly right!